Lu Keping: From Wool Giant To Listed Company Killer

Six months ago, the media also praised the "wool giant" Lu Keping, saying he led the sunshine group onto the "Sunshine Avenue".

But half a year later, a penalty notice showed that Lu Keping had been fined 27 million 340 thousand yuan for various offense. As a real controller of tetracyclic life, Lu Keping, 76, was taken into a life market ban.

Behind the ups and downs, Lu Keping's capital legend begins with sunshine group.

In 1986, Lu Keping was the director of the fine wool mill in Jiangyin, Jiangsu Province, which is the predecessor of the sunshine group. After taking office, Lu Keping led all the staff members to dare to think and dare to work, and slowly started the brand of "Jiangsu sunshine".

More than 10 years ago, when interviewed by the media, Lu Keping said frankly: "at that time, the state gave us a little policy, and we dared to run in debt."

According to media reports, Lu Keping has mainly done two things: first, the introduction of advanced textile and dyeing equipment and advanced production lines from developed countries, and the creation of his own brand; two, post doctoral research workstation, state-level technology center, national wool textile new material technology research center, Jiangsu wool textile technology development center, and the establishment of a technological innovation system.

With the promotion of products and technology, Jiangsu sunshine has jumped out of Jiangyin and become a famous wool textile giant in China. Lu Keping himself is also known as "wool giant."

In 1999, Jiangsu sunlight landed at the Shanghai Stock Exchange and became the first listed company of sunshine group, and Lu Keping began competing for capital market.

There is a saying that Lu Keping's capital market process began in Jiangsu sunshine, and was popular in hareun photovoltaic, and finally the four ring creatures.

In this process, the rise of Hairun photovoltaic can best illustrate Lu Keping's capital game.

In 2006, Jiangsu's sunshine entered the photovoltaic industry, but in 2008, it encountered a financial crisis. The downstream company hareun couldn't digest the polycrystalline silicon it supplied, and the two procurement contracts also expired at the end of 2009.

Normally, it will terminate the contract and find another partner, but Lu Keping is just the opposite. In July 2010, Sunshine Group's wholly owned subsidiary Zijin electronics purchased part of the shareholding of Hareon, holding 33.65% stake, becoming the largest shareholder of hareun photovoltaic.

You know, in March of the same year, *ST Shenlong had decided to sell shell to Hareon. Soon to be listed, hareun's shareholders are also willing to transfer shares to Zijin electronics, giving more control over the media. But this is Lu Keping's brilliant point.

In 2011, the SFC adopted hareen's application for backdoor listing. After that, Lu Keping's "Sao operation" continued. For example, when the photovoltaic industry fell into a trough, hareun launched a 10 dividend scheme of 7.4 yuan, and the sunshine group took 200 million dividends at one stroke, which is known as "eating out bonus".

It is startling to say that with the lifting of the December 22, 2014 Hareon photovoltaic restricted shares, major shareholders began to reduce their holdings wildly. As of April 2015, Zijin electronic holdings limited to 260 million shares to only 5 million shares, the total share capital ratio decreased from 25.27% to 0.32%.

In order to cooperate with the reduction, in January 2015, Zijin electronics proposed "10 turn 20" high transfer. In a short month before the announcement, Hareon increased by more than 30%. Zijin electronics and other major shareholders took the opportunity to reduce their holdings by more than 2 billion yuan.

One week after the announcement of the high transfer plan, Hareon announced a 800 million yuan loss in performance, and the market was in an uproar. Regulators can not see it, give Zijin electronics and other major shareholders warning, respectively, fined 400 thousand yuan.

In the end, hareun was emptied. In June 17, 2019, its share price was only 0.8 yuan, the lowest A share price was recorded, and the market was bleak in July, but it had nothing to do with Lu Keping.

On the eve of reducing Hareon, Lu Keping secretly lurked into another listed company in Jiangyin, "four ring creatures".

Why is it "latent"? Due to the reduction of the original controlling shareholder, after 2014, the company said that the company did not have a real controller. Until September 2019, the SFC issued a penalty notification book, and Lu Keping's real control of the four ring organisms for 5 years was surfaced. He was not only a real controller but also manipulated 19 accounts, but he lost 1 billion in five years.

The SFC believes that Lu Keping's "long duration of illegal activities, especially bad means and huge number of cases involved" impose a total penalty of 27 million 340 thousand yuan, and takes measures to prohibit life market entry.

Hareun's delisting, the Fourth Ring bio was once reduced to a "zombie stock". Lu Keping played a big role in the capital market "sucking blood and eating up". Now he is rejected by the whole life.